Short Term Trading Idea in Arvind Ltd for 20% UpsideHi,
NSE:ARVIND has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Arvindlitd
Arvind Ltd Near multi Year breakoutArvind Ltd Near multi Year breakout , its an potential upside candidate for an month.
It will test the 52 Week High and Breakout with volume or It will form an Double Top
But if the breakout is successsfull with heavy volume the it will got to Target 270+
Disclaimer: This stock idea is only for educational & research purposes and is in no way a professional stock recommendation. Please do your own research and consult your financial advisor before making any investment decisions.
Breakout in ARVINDThere is a breakout given by ARVIND from cup & handle formation on the weekly chart and it has been retested today on breakout zone on the daily chart also. So, I think we can see more upside levels on this counter.
Breakout Zone is :- 81.35-84.50.
Targets :- 96-110-120
Support zone is around :- 75.00. Stop loss as per risk appetite.
Long ArvindArvind Ltd
NSE:ARVIND
Cmp - 88
Stop - 60 on DCB
Expectation -
T1 - 150
T2 - 400, Review at 150
Expected Holding Period - 120 trading days or earlier for T1
View:- Positional/Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Arvind - Long trade might be coming inArvind looking to break above important resistance zone, two important pattern developing here, one is Symmetrical triangle and another is small Inverse H&S pattern,
Though Inverted H&S is not that convincing one but still along with Symmetrical triangle breakout can do very good, if breakout sustains then probably it can see 60 to 100rs upside in coming days,
Hence look to buy once start trading above 355 levels for 60-100rs. upside in next 2-3 months.
Arvind Ltd. to continue up trend in near term.Arvind Ltd.to continue its up trend journey, after hitting its long term support on last week close, the stock is still looking strong enough to go further upward, it also touched the up tend line support and stock seems to go up to the target of around 450-460 in near term and from there it will head in reverse direction as it is forming rising wedge pattern and may soon break.